"Here's a cryptocurrency that's capturing the attention of coin fanatics worldwide. Quietly but quickly, Zcash ( CRYPTO:ZEC) is zooming higher and prompting crypto aficionados to learn about this unusual token. Sensible people aren't claiming that Zcash will replace Bitcoin ( CRYPTO:BTC) or anything like that. However, there's talk of new integrations and more markets becoming available for Zcash in recent weeks. Thus, even after the ZEC token already made a big move, there could still be overhead room for more gains."
"It's a rare phenomenon, but Zcash's one-year price chart shows what's sometimes known as a "hockey stick" pattern. To put it another way, the ZEC price stayed horizontal for a long time but then suddenly went up and to the right, much like the blade of a hockey stick. Week after week, Zcash languished below $50 in mid-2025. Then, October became "Up-tober" as ZEC soared past $400. By November 6, the Zcash price broke above $500 and notched a one-month gain of 243%."
"As the old saying goes, the longer the base, the higher in space. Zcash stayed in a basing/consolidation period for a frustratingly long time, but when it finally broke out, it really went on a rocket ride. Momentum-focused traders undoubtedly like to see this type of price movement. However, Zcash's melt-up might prompt sensible investors to ask whether this rally is sustainable and why ZEC rallied in the first place."
Zcash traded in a long consolidation below $50 through mid-2025 before erupting in October and surpassing $500 by November 6, producing a one-month gain of 243%. The ZEC breakout contrasted with Bitcoin's 19% one-month decline ending November 6. The one-year price chart resembled a "hockey stick," reflecting a long base followed by a sharp rally. Momentum traders favor the move, yet questions about sustainability and the rally's drivers remain. Zcash functions as a privacy coin that can obscure sender, receiver, and transaction amounts. Recent talk of new integrations and expanded markets may have supported renewed interest.
Read at 24/7 Wall St.
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